Remortgages for people with a poor credit history

Many people these days have a poor credit mortgage rating; this is often due to circumstances beyond their own control. You may need a bad credit mortgage (also known as impaired credit mortgages, adverse mortgages or subprime mortgages) if you have been declared bankrupt in the past, have fallen into arrears on a mortgage or suffered other debt problems. You may simply have a CCJ (County Court Judgement) against your name, due to non-payment of a utility bill, for example, which may necessitate the need for a bad credit mortgage when you come to remortgage your property.

Pros & cons of Bad Credit Mortgages

• Bad credit mortgages allow thousands of people access to home loans and mortgages they might not otherwise get.
• An extensive range of mortgage types are available.
• They are still more expensive than mainstream mortgages and will remain so.
• You can only get a bad credit mortgage via a mortgage broker and packager such as Accuro Finance.